Champion REIT

Champion REIT Secures First Sustainability-Linked Loan

Champion REIT, Real estate investment trust, Companies, Taxable REIT subsidiaries
Tuesday, June 8, 2021 - 9:01am

HONG KONG, June 8, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has signed its first five-year HK$3.0 billion unsecured sustainability-linked term and revolving credit facilities.

Key Points: 
  • HONG KONG, June 8, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT" or "Trust") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has signed its first five-year HK$3.0 billion unsecured sustainability-linked term and revolving credit facilities.
  • The loan is backed by:
    -- The Bank of East Asia, Limited
    Based on the facilities agreement, Champion REIT will receive a discount on the loan's interest rate once the Trust has achieved the pre-determined sustainability-linked performance targets.
  • The sustainability-linked performance targets are based on the aspects of Environmental, Social and Governance ("ESG"):
    -- Champion REIT achieves reduction of carbon intensity;
    -- Champion REIT attains WELL Building Standard; and
    -- Champion REIT retains its listing on the Hang Seng Corporate Sustainability Benchmark index.
  • About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties.

SF REIT Announces Details of Proposed Listing

Real estate investment trust, Champion REIT, Companies, Taxable REIT subsidiaries
Tuesday, May 4, 2021 - 1:00pm

b'HONG KONG, May 4, 2021 - (ACN Newswire) - SF REIT Asset Management Limited (the "REIT Manager"), as the manager of SF Real Estate Investment Trust ("SF REIT"), today announces the details of the proposed listing of SF REIT (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").

Key Points: 
  • b'HONG KONG, May 4, 2021 - (ACN Newswire) - SF REIT Asset Management Limited (the "REIT Manager"), as the manager of SF Real Estate Investment Trust ("SF REIT"), today announces the details of the proposed listing of SF REIT (the "Listing") on the Main Board of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange").
  • SFH is expected to indirectly hold approximately 35.0% of SF REIT at the time of Listing.
  • SFH has granted to SF REIT a right of first refusal ("ROFR") which shall give SF REIT access to potential acquisition opportunities from the SFH group for the first five years upon Listing.
  • After Listing, the REIT Manager will, leveraging on its knowledge and expertise in conducting property investment, actively search for suitable acquisition opportunities for SF REIT.\nSF REIT is managed by the REIT Manager, SF REIT Asset Management Limited, who has the overall power and responsibility to manage SF REIT and the properties.

Champion REIT Announces 2020 Annual Results

Champion REIT, Real estate investment trust
Thursday, February 18, 2021 - 5:05am

HONG KONG, Feb 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2020.

Key Points: 
  • HONG KONG, Feb 18, 2021 - (ACN Newswire) - Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2020.
  • Against the backdrop of a global economic downturn, Champion REIT recorded a decline in distributable income by 5.7% to HK$1,554 million and distribution per unit ("DPU") dropped 6.1% to HK$0.2500.
  • Occupancy of the property was 86.8% as at 31 December 2020.
  • About Champion REIT (Stock Code: 2778)
    Champion Real Estate Investment Trust is a trust formed to own and invest in income producing office and retail properties.

Power REIT Announces 2020 Dividend Income Tax Treatment

Real estate investment trust, Taxable REIT subsidiaries, Champion REIT
Friday, January 29, 2021 - 9:42pm

Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.

Key Points: 
  • Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
  • Power REIT (NYSE American: PW) (the Registrant or the Trust, and together with its consolidated subsidiaries, we, us, the Company or Power REIT, unless the context requires otherwise) is a real estate investment trust (REIT) that owns real estate related to infrastructure assets including properties for Controlled Environment Agriculture, Renewable Energy and Transportation.
  • Power REIT is actively seeking to expand its real estate portfolio related to Controlled Environment Agriculture.
  • Additional information about Power REIT can be found on its website: www.pwreit.com .

Champion REIT is Honoured with Prestigious Accolades in Multiple Categories amidst Challenging 2020

Champion REIT, Real estate investment trust, Langham Place, Three Garden Road, Central, Hong Kong, Cities in China, Tourism in Hong Kong, Geography of China
Tuesday, December 22, 2020 - 8:30am

HONG KONG, Dec 22, 2020 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has garnered various prestigious accolades in multiple categories during the year, despite the turbulent business environment.

Key Points: 
  • HONG KONG, Dec 22, 2020 - (ACN Newswire) - Champion Real Estate Investment Trust ("Champion REIT") (Stock Code: 2778), owner of Three Garden Road and Langham Place, has garnered various prestigious accolades in multiple categories during the year, despite the turbulent business environment.
  • Among the recent honours bestowed on Champion REIT is The Asset Triple A Country Awards 2020 -The Best Corporate Bond (Hong Kong), which highlights its financial management excellence, and follows on the heels of the issue of 10-year USD300 million medium term notes during the first half of 2020.
  • The deal marked the return of Champion REIT to the US dollar bond market after more than seven years, and represents the first US dollar bond offering by a Hong Kong REIT since 2016.
  • They represent widespread recognition of our team's relentless efforts towards seizing opportunities from risks and maintaining business continuity.

KBS Assisted in the Acquisition of Park Tower in Sacramento, California; Class A Office Tower for $165.5 Million on Behalf of Prime US REIT

Communications, Commercial Building & Real Estate, Construction & Property, Urban planning, REIT, Public relations, Investor relations, Real estate investment trusts, Champion REIT
Wednesday, February 26, 2020 - 4:00pm

The property was acquired for $165.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU.

Key Points: 
  • The property was acquired for $165.5 million by Prime US REIT (PRIME), which trades on the Singapore Exchange Securities Trading Limits ticker as: OXMU.
  • KBS serves as the U.S. based asset manager for the portfolio, which included identifying and sourcing this asset on behalf of the portfolio.
  • Park Tower is a Class A property that consists of 24 stories of office space, retail and parking garage space.
  • Acquiring Park Tower is a strategic investment into a prime location and a premier asset.

Griffin Capital Essential Asset® REIT Sells Office Building in El Segundo, CA for $63.5 Million

Other Construction & Property, Commercial Building & Real Estate, Construction & Property, REIT, Companies, Real estate investment trusts, Dream Office Real Estate Investment Trust, Champion REIT
Monday, November 25, 2019 - 4:00pm

Griffin Capital Essential Asset REIT, Inc. (the REIT) announced the sale of a 151,289 square foot, Class A, three-story office building located at 2160 Grand Avenue, El Segundo, California (Property) for $63.5 million or $420 per square foot.

Key Points: 
  • Griffin Capital Essential Asset REIT, Inc. (the REIT) announced the sale of a 151,289 square foot, Class A, three-story office building located at 2160 Grand Avenue, El Segundo, California (Property) for $63.5 million or $420 per square foot.
  • Adeptly executing on the combination of an attractive buyout and a simultaneous sale, ultimately drove a strong return for the REIT.
  • Griffin Capital Essential Asset REIT, Inc. is a self-managed, publicly registered, non-traded REIT with a portfolio consisting primarily of single tenant business essential properties throughout the United States, diversified by corporate credit, physical geography, product type, and lease duration.
  • Griffin Capital Essential Asset REIT, Inc.s portfolio, as of September 30, 2019, consists of 101 office and industrial properties totaling 27.1 million rentable square feet, located in 25 states, representing total REIT enterprise value of approximately $4.7 billion.